ISF Limited Exempt from SEBI LODR Regulation 23

Company Disclosure

Regulatory Basis

The exemption is claimed under Regulation 15(2) of SEBI LODR Regulations, 2015, which provides relaxation from corporate governance provisions for listed entities meeting specific size criteria.

Financial Metrics

As of the last day of the previous financial year (March 31, 2026):

• Paid-up equity share capital: ₹9,50,00,000 (₹9.5 crore)
• Net worth: ₹11,75,72,000.00 (₹11.76 crore)

Exemption Rationale

Both the paid-up capital (₹9.5 crore) and net worth (₹11.76 crore) are below the SEBI threshold limits of ₹10 crore for paid-up capital and ₹25 crore for net worth, as specified in Regulation 15(2)(a).

Specific Exemption

Consequently, the provisions of Regulation 23 of SEBI LODR Regulations, 2015 are not applicable to ISF Limited. The company is specifically exempt from submitting disclosures of related party transactions as required under Regulation 23(9).